X0202 4 2007-03-22 0 0000098222 TIDEWATER INC TDW 0001197253 TAYLOR DEAN E C/O TIDEWATER INC. 601 POYDRAS ST., SUITE 1900 NEW ORLEANS LA 70130 1 1 0 0 President Common Stock 2007-03-22 5 G 0 1140 0 D 97062 D Common Stock 2007-03-22 5 G 0 1140 0 D 95922 D Common Stock 2007-03-22 5 G 0 1140 0 A 6897 I As Custodian for Children Common Stock 2007-03-26 4 M 0 10000 27.92 A 105922 D Common Stock 2007-03-26 4 S 0 10000 58.95 D 95922 D Common Stock 3688.5804 I By Trustee Stock Option (Right to Buy) 27.92 2007-03-26 4 M 0 10000 0 D 2013-03-12 Common Stock 10000 55000 D Gift of shares to minor children. The reporting person disclaims beneficial ownership of these shares, and this report should not be deemed an admission that the reporting person is the benficial owner of these shares for purposes of Section 16 or any other purpose. Acquired on a periodic basis by the Trustee of the Tidewater Inc. 401(k) Savings Plan. Includes shares acquired for my account through February 28, 2007. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously entered into by the reporting person. The options vested in three equal annual installments beginning on March 13, 2004. Dean Taylor , By: Cliffe F. Laborde, Agent and Attorney-in-Fact 2007-03-26